Gold and Forex analysis 15th December 2017

By | December 15, 2017

Gold analysis

Comex gold price trading at 1255$ , it tested 1258$ yesterday and tried to retrace back . A good support on daily chart stands at 1248$ , if traders take this base out and manage to sustain trade below our support today . Then expect more pressure in gold price upto 1240$ – 1232$ today .

A good resistance on daily chart stands at 1266$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower in gold price upto 1272$ – 1279$ .

Gold analysis conclusion : Comex gold price trend is flat to positive for now .

Forex analysis

Eur/usd trading now at 1.1780 , it tested 1.1825 yesterday and cracked hard from there despite weak dollar and weak Dow jones . A good base level on eur/usd chart stands at 1.1740 , if traders take this base out and manage to hold this forex pair below our key support . Then expect this major fx pair to test upto 1.1700 – 1.1650 today .

A good resistance on daily chart stands at 1.1826 , if traders take this hurdle out and manage to sustain this forex pair trade above our resistance , then expect good firepowe upto 1.1870 – 1.1910 .

Eur/usd trend is flat for now , trade with key levels .

Usd/Jpy trading at 112.22 , its trading in a narrow range since yesterday . A good base level on daily chart stands at 111.90 , if traders breaks this major base and manage to sustain trade below our support . Then expect more pressure on this forex pair upto 111.50 – 111.20 .

A good hurdle on daily chart stands at 112.60 , if traders take this hurdle out and manage to hold above our key resistance . Then expect good recovery in this forex pair upto 112.99 – 113.30 .

Usd/Jpy trend is flat to weak for now

More will update to our signals subscribers .